ANTICIPATED CYBER SECURITY ISSUES AFTER COVID -19

REMOTE WORKER’S NIGHTMARE :

The COVID 2020 pandemic have already forced millions of workers across the world to work from home. As expected, many organizations and its employees were unprepared for the upcoming risks in security which has led which has led roughly a quarter of organizations to pay unanticipated costs related to security breaches and malware. For an instance , 82%of organizations allowed employees and other stakeholders to use their own equipment, but 72% do not have proper malware protection

Weak (Legacy) Security Architecture:

During the pandemic, many organizations harnessed VPN technology for remote work. As hackers can easily use ransomware attack exploiting the weaker and unpatched VPN connections. As a safer alternative, over 30% of IT security teams are turning to “zero-trust,” which gives workers access to only a small number of permissions.

Unplanned expenditure on Security

Solutions experts are trying to consolidate the security solutions as the security budgets will be plummeting in the coming years. In 2020, IT spending dropped almost 10%, a trend that is likely to continue next year. Organizational leaders will likely turn to platforms like secure access service edge (SASE) to consolidate their security management needs and save money.

Cyber Threats in Healthcare Industry

Security threats in health care may cost lives. Overwhelmed by an influx of COVID-19 patients, hospitals are prime target for the hackers who knows this is the perfect time for a ransom by disabling their all functionalities and networks. Hospitals that lack proper cyber security protections will be their perfect prey. 

Increased breaches in Financial Sectors

While financial organizations represented just 7% of breaches in 2019, they made up 62% of leaked records. The rise of 5G technology in 2021 will give hackers an added advantage, which means the financial industry will need to consider stronger cyber security protections.

Expansion in AI & Cloud technologies:

The pandemic has increased the speed of expansion of organizations into artificial intelligence (AI) and cloud technologies. It has accelerated a transition to remote work that had already been well on its way. Going into aftermath, in the upcoming years organizations will seek to better adapt cyber security solutions during this transition. 

High Risk of Data Theft

As more people use the internet, with many more now working from home, data exposure is a greater risk than ever. To reduce risk, organizations will need to turn to new security strategies.